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Musya8 [376]
3 years ago
11

Assume that you invest 5 percent of your salary and receive the full 5 percent match from East Coast Yachts. What EAR do you ear

n from the match
Business
1 answer:
Anastasy [175]3 years ago
4 0

Answer:

The EAR you earn from the match is 100%.

Explanation:

Since a full 5 percent match will be received if 5 percent of your salary is invested, this implies that 100% will be earned by you from the match up to 5%.

For example, if 5 percent of your salary that you put in is $200, the East Coast Yachts will match the $200. This indicates that effective annual return (EAR) earned by you from the match is 100%.

Therefore, the EAR you earn from the match is 100%.

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